Hi everyone --
I was wondering if anyone had a market movement indicator they could share?
We've all seen daily range indicator showing the range of a pair in a day... but is there a market movement indicator?
What I'm interesting in trying to find is a total market movement indicator which shows the movement in a day up and down and in total.
Eg. EURUSD range might be say 100pips, but market movement might be 175 pips (the total distance incl. retracements the market has traveled in a day).
I hope that makes sense? It would be even more amazing if it has total movement, movement up, movement down, and range.
I'm not thinking of every tick... more like when you look back over a day on an M1 line chart you see the up/down/up/down of the market even though its usually on balance moving in one main direction.
Thank you
R
I was wondering if anyone had a market movement indicator they could share?
We've all seen daily range indicator showing the range of a pair in a day... but is there a market movement indicator?
What I'm interesting in trying to find is a total market movement indicator which shows the movement in a day up and down and in total.
Eg. EURUSD range might be say 100pips, but market movement might be 175 pips (the total distance incl. retracements the market has traveled in a day).
I hope that makes sense? It would be even more amazing if it has total movement, movement up, movement down, and range.
I'm not thinking of every tick... more like when you look back over a day on an M1 line chart you see the up/down/up/down of the market even though its usually on balance moving in one main direction.
Thank you
R